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Ziyavudin Magomedov's Summa Group has signed agreements with three Chinese companies for trans-shipment of about 17 million tons of cargo through the constructed port Zarubino. As ascertained by RBC, the agreements were signed between Summa Group and a Jilin Province grain company for a volume of 10 to 40 million tons until 2025, as well as with Chanchunsky Automobile, a Volkswagon assembly plant, for the import of up to 1 million automobiles and 40,000 vehicle TEUs per year....
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The Far East port Zarubino, owned by FESCO (part of Summa Group) could become the second largest shipment port in Russia. “I think that between today and tomorrow we’ll increase to 100 million tons,” boasted Andrey Zagorsky, Head of port construction, during his presentation of the Big Port Zarubino project (quoted by Interfax). According to the presentation, 80 million tons of shipments per year have already been contracted. Yesterday Summa Group signed agreement with the Chinese Heilongjiang grain company for 10 million tons of grain trans-shipment, as well as agreement with UC RUSAL for 2 million tons of imported alumina trans-shipment, Zagorsky said. Currently, over 100 million tons of cargo is transferred just through Novorossiysk (NMTP and Delo Ports terminals – 112.6 million tons in 2013, according to the Association of Commercial Seaports)....
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